{"id":111021,"date":"2023-10-03T12:40:10","date_gmt":"2023-10-03T07:10:10","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111021"},"modified":"2023-10-03T13:28:34","modified_gmt":"2023-10-03T07:58:34","slug":"midcap-stock-falls-4-after-company-reports-11-2-decrease-in-sales-yoy-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-stock-falls-4-after-company-reports-11-2-decrease-in-sales-yoy-check-the-details\/","title":{"rendered":"Midcap stock falls 4% after company reports 11.2% decrease in sales YoY; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2822462867\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This automobile-tractor stock crashed by 3 percent after the company reported negative sales growth of tractors by 11 percent in the month of September.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3643728402\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 10.42, 3rd october shares of Escorts kubota Ltd were trading at Rs. 3076.30 per share which is down by 3.42 percent from the previous closing price of Rs. 3185.10 per share.&nbsp;<\/p><p>Such a downfall in stock price is observed after the company reported tractor sales are down by 11.2 percent domestically, the company sold 10,114 tractors in September 2024 which is 11.2 percent less compared to September 2023 in which they sold 11,384 tractors. <\/p><p>Company\u2019s exports also declined by 11.9 percent from 848 tractors in September 2023 to 747 tractors in September 2024. Overall sales declined by 11.2 percent from 12,232 tractors in September 2023 to 10,861 tractors in September 2024.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-2218821266\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Looking at the financial statements of the company, revenue from operations is increased by by 15.9 percent YOY to Rs. 2355.17 crores in Q1FY24 from Rs. 2032.06 crore in Q1FY23, in the same time period company\u2019s net profit increased by 106.13 percent to Rs. 289.9 crore in Q1FY24 from Rs. 140.64 crore in Q1FY23.&nbsp;<\/p><p>Talking about the financial ratios, the company reported return on equity (ROE) of 8.08 percent and return on capital employed (ROCE) of 10.74 percent in the last financial year.&nbsp;<\/p><p>Escorts Kubota Limited formerly Escorts Limited is one of India\u2019s leading engineering conglomerates engaged in manufacturing agricultural machinery, construction machinery, material handling, and railway equipment. Company\u2019s 93 percent revenue comes from India and other 7 percent from outside India.&nbsp;<\/p><p><strong>Written by: Vinit israni&nbsp;<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2799277548\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This automobile-tractor stock crashed by 3 percent after the company reported negative sales growth of tractors by 11 percent in the month of September.\u00a0 At 10.42, 3rd october shares of Escorts kubota Ltd were trading at Rs. 3076.30 per share which is down by 3.42 percent from the previous closing price of Rs. 3185.10 per [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-111021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midcap stock falls 4% after company reports 11.2% decrease in sales YoY; 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